Notcoin Surges as Bulls Hit Two-Week High

Notcoin (NOT) has experienced a surge of over 11% in the previous 24 hours, surpassing $0.021. The price increase has propelled it to a two-week high.

The price of the Telegram-based game token is expected to continue its upward momentum due to the recent surge in the related Toncoin (TON) coin. TON recently achieved an all-time high, bringing 100% of addresses into a profitable zone.

Following its double-digit surge, Notcoin's market cap has reached $1.9 billion. This places the newly introduced coin from the viral tap-to-earn game in the 49th position among the largest cryptocurrencies by market capitalization. Conversely, VeChain (VET), Maker (MKR), and Optimism (OP) have all experienced declines over the last 24 hours, with drops of 6%, 2%, and 7% respectively.

The potential for further gains indicated by NOT suggests that Notcoin could surpass VET, MKR, and OP in terms of market capitalization. According to data from CoinMarketCap, all three coins have a market cap slightly over $2 billion.

Notcoin's 24-hour trading volume of $1.2 billion is second only to Bitcoin, Ethereum, BNB, Solana, and stablecoins USDT, USDC, and FDUSD.

Although NOT price reached an all-time high of $0.028 on June 2, it has since fallen to $0.019 amidst downward pressure in the broader crypto market.

Notcoin's Surge Amid New Tap2Earn Trend

The recent price surge of Notcoin coincides with an uptick in the "Tap2Earn" trend and related tokens. Hamster Kombat and Yescoin are currently among the top trending options in this space.

Notcoin's attractiveness stems from its pioneering position in the Telegram ecosystem. The growth of The Open Network (TON) in recent months has had a positive impact on Notcoin as well. With Telegram's 900 million user base and growing cryptocurrency support on the platform, interest and growth in Notcoin have been fueled.

Metrics such as daily active addresses for TON have shown a significant increase in the last three months. This trend is likely to drive similar growth patterns for Notcoin, which is looking beyond Tap2Earn for further expansion.